Note 17 - Retirement Plans

12 Months Ended

Jan. 02, 2021

Notes to Financial Statements

Retirement Benefits [Text Block]

17. RETIREMENT PLANS

Profit Sharing Plans

The Company maintains a

401

(k) profit sharing plan for the benefit of eligible employees in the United States and other similar plans in Canada, Puerto Rico and Serbia (the “Retirement Plans”). The

401

(k) plan includes a cash or deferred arrangement pursuant to Section

401

(k) of the Internal Revenue Code sponsored by the Company to provide eligible employees an opportunity to defer compensation and have such deferred amounts contributed to the

401

(k) plan on a pre-tax basis, subject to certain limitations. The Company, at the discretion of the Board of Directors,

may

make contributions of cash to match deferrals of compensation by participants in the Retirement Plans. Contributions to the Retirement Plans charged to operations by the Company for the fiscal years ended

January 2, 2021

and

December 28, 2019

were

$217

and

$296,

respectively.